Capital World Investors Reduces Position in On Assignment, Inc. (ASGN)
Capital World Investors lessened its holdings in shares of On Assignment, Inc. (NASDAQ:ASGN) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,380,500 shares of the company’s stock after selling 200,000 shares during the period. Capital World Investors owned 6.40% of On Assignment worth $183,054,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in On Assignment by 1.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,161,955 shares of the company’s stock valued at $62,920,000 after acquiring an additional 22,047 shares in the last quarter. Stifel Financial Corp grew its stake in On Assignment by 14.6% during the 2nd quarter. Stifel Financial Corp now owns 270,615 shares of the company’s stock valued at $14,669,000 after acquiring an additional 34,446 shares in the last quarter. OxFORD Asset Management LLP grew its stake in On Assignment by 521.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 57,364 shares of the company’s stock valued at $3,106,000 after acquiring an additional 48,134 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in On Assignment by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,240,588 shares of the company’s stock valued at $121,328,000 after acquiring an additional 10,945 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in On Assignment during the 2nd quarter valued at about $2,775,000.
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Several analysts recently issued reports on the stock. BidaskClub raised shares of On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of On Assignment from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BMO Capital Markets upped their price objective on shares of On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $53.00 price objective on shares of On Assignment in a research note on Sunday, September 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.60.
Shares of On Assignment, Inc. (NASDAQ ASGN) opened at 55.32 on Thursday. On Assignment, Inc. has a 52 week low of $32.04 and a 52 week high of $55.62. The company’s 50-day moving average is $49.24 and its 200 day moving average is $50.52. The stock has a market cap of $2.91 billion and a PE ratio of 30.56.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $653.31 million during the quarter, compared to the consensus estimate of $655.96 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Analysts forecast that On Assignment, Inc. will post $2.86 earnings per share for the current fiscal year.
On Assignment Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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